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Tag: mortgage

Posted on 04/07/2023

Singapore-Indonesia QR payment link to be ready by end-2023: Bank Indonesia

The authorities from both sides are working towards a year-end launch in Singapore and Indonesia. Read more at straitstimes.com. ( read original story ...)

Posted on 04/07/2023

Singapore property prices fall for first time since 2020

House prices in the world’s most expensive city have fallen for the first time in three years as measures introduced by the Singaporean government to cool the ... ( read original story ...)

Posted on 04/07/2023

Property developers taking cautious approach to bids for land sites in the CBD: Analysts

SINGAPORE: The cautious approach that property developers are taking in their bids for Singapore's land sites appears to be spreading even to the highly sought-after central business district (CBD), ... ( read original story ...)

Posted on 04/07/2023

Singapore home prices fall for first time in three years

SINGAPORE: Home prices fell for the first time in three years in the second quarter, suggesting the market in Singapore is cooling on the back of the latest property curbs. ( read original story ...)

Posted on 04/07/2023

About 250 property buys a year by foreigners exempted from ABSD under FTA obligations: DPM Wong

AN AVERAGE of 250 property transactions per year from 2018 to 2022 were exempted from the Additional Buyer Stamp Duty (ABSD) imposed on foreign buyers due to a “national treatment” obligation spelled ... ( read original story ...)

Posted on 03/07/2023

Singapore exploring master leases of up to 60 years for black-and-white bungalow estates

THE Singapore Land Authority (SLA) is studying the feasibility of a longer leasehold period – such as 30 or 60 years – for an entire black-and-white bungalow estate, so that a private developer can ... ( read original story ...)

Posted on 03/07/2023

Shanmugam says he rented Ridout Road property to prepare for sale of family home, not profiting from rental

Law and Home Affairs Minister K Shanmugam also said he had taken steps “to deal with any perceived or potential conflict of interest” over his rental of the black-and-white colonial bungalow. ( read original story ...)

Posted on 03/07/2023

Singapore private homes see first quarterly drop in 3 years

Cooling measures, higher interest rates take toll on private residential prices which dropped by 0.4 per cent. Read more at straitstimes.com. ( read original story ...)

Posted on 03/07/2023

Over $500k SLA spent on 26 Ridout Rd was for ‘structural items’ and making property ‘habitable’: Edwin Tong

The cost incurred by the Singapore Land Authority (SLA) for the improvement and maintenance works for 26 Ridout Road was to ensure the property was habitable, said Second Minister for Law Edwin Tong ... ( read original story ...)

Posted on 03/07/2023

Singapore names Deputy Prime Minister Lawrence Wong as chairman of the central bank

The Monetary Authority of Singapore named Deputy Prime Minister Lawrence Wong as Chairman of its Board of Directors effective July 8. ( read original story ...)

Posted on 03/07/2023

Singapore home prices ease slightly for first time since pandemic began – as public housing posts more gains

Private property values slid 0.4 per cent in the second quarter of this year – the first decline since the outbreak of the pandemic. Resale prices for public housing, meanwhile, recorded their 13th ... ( read original story ...)

Posted on 02/07/2023

MAS’ and other central bank moves are massively overrated

EUROZONE and UK interest rate hikes continue, the latter with a surprise 50 basis points in June. Meanwhile, US Federal Reserve chair Jerome Powell has hinted at more hikes ahead. Read more at The ... ( read original story ...)

Posted on 02/07/2023

Dissecting the controversies surrounding the Ministers’ rental of Ridout Road properties from Singapore Land Authority

Opinion: Unraveling questions over rental processes, clearance of land, property improvements, and possible preferential treatment in ministers' rental of Ridout Road properties from Singapore Land ... ( read original story ...)

Posted on 01/07/2023

Buy a S$10 power bank or pay more? Your safety may depend on it, among other things

Cost may be a factor when buying a power bank. But does price correlate with how safe these portable chargers are? The programme Talking Point has some of them stress-tested, with varying results. ( read original story ...)

Posted on 30/06/2023

How to lower property prices in Singapore: More loan curbs or ABSD?

The Additional Buyers Stamp Duty (ABSD) is seen as a core component of cooling measures. Every time prices creep too high, we see the government ramp up ABSD — most recently on April 27, when the ABSD ... ( read original story ...)

Posted on 27/06/2023

MAS proposes to increase insurance coverage on bank deposits to $100,000 from $75,000

The proposed change will result in 91 per cent of all depositors being fully covered by deposit insurance. Read more at straitstimes.com. ( read original story ...)

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